CrowdStrike price target raised to $460 from $385 at Truist

Truist analyst Joel Fishbein raised the firm’s price target on CrowdStrike (CRWD) to $460 from $385 and keeps a Buy rating on the shares ahead of its Q4 results. The effects of the July 19th Global IT outage seem to be mostly in the rear-view mirror for CrowdStrike as it has reported solid Q3 results driven by strong platform adoption and traction with Falcon Flex deals, the analyst tells investors in a research note. The company has built in enough cushion in its guidance to account for delayed outbound prospecting, which has since fully resumed and is rising to pre- incident levels of response, Truist added.